Word: import
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Dates: during 1980-1989
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Mitsui employees themselves set off the criminal probe in March 1980, when they brought some suspicious looking documents to customs agents in San Francisco. Investigators searched company offices in New York City and San Francisco in December 1980, and ultimately combed through stacks of records and import statements dating from 1977 to last June. The hunt turned up evidence that Mitsui had conspired with two Northern California steel buyers to overstate the price of wire products and nails. Both U.S. firms last year pleaded guilty to criminal charges brought in separate cases...
Communist nations have fared no better than free-market ones. In the Soviet Union, where factories are increasingly outdated, annual growth has slowed to less than 2%, in contrast with 4.8% only five years earlier. After a third consecutive dismal harvest, the Soviets this year will have to import a record 44 million tons of grain. The Soviets' East European satellites have run up $60 billion in debt to Western governments and banks, including $25 billion owed by Poland alone...
...decisions to help the floundering economy. He will have to continue the 17-point austerity program belatedly begun by the lame-duck Lopez Portillo administration. Among the targets: a reduction of the government's budget deficit from 15% of the G.D.P. to 3% by the end of 1985, import restrictions, government hiring freezes and probably a hike in Mexico's heavily subsidized energy prices. The current price of gasoline...
...foreign competition. At issue were charges filed in January with the U.S. Commerce Department by a group of seven American steel producers, including U.S. Steel, Bethlehem Steel and Jones & Laughlin Steel. The companies charged that foreign producers, mostly from Western Europe, had chiseled their way into a 19% import share of the U.S. market by selling government subsidized steel to American buyers...
Moon, 62, was convicted of failing to report as personal income $112,000 of interest on $1.6 million in his Chase accounts, as well as $50,000 worth of stock in Tong II Enterprises, a profit-making import company that Moon controlled. Convicted with him was his top financial aide, Takeru Kamiyama, 40, who was charged with helping the evangelist prepare false tax returns to conceal the income, attempting to block the subsequent Government investigation by submitting phony backdated documents, and lying to a grand jury...